Allied Energy Corporation (OTC: AGYP) Signs Strategic MOU with Green Rain Energy Holdings (OTC: GREH) to Convert Stranded Gas into Power for Texas-Based EV Charging Infrastructure
Allied Energy Corporation (OTC: AGYP) has signed a strategic MOU with Green Rain Energy Holdings (OTC: GREH) to convert stranded natural gas into power for EV charging stations across Texas. The partnership aims to leverage Texas's $400 million NEVI funding and address grid constraints to support the projected 1 million EVs expected on Texas roads by 2030.
The agreement focuses on powering Level 3 DC fast chargers along key corridors like I-35 and I-10, enabling AGYP to participate in the $120B+ EV charging market. The company will conduct gas testing, negotiate energy leases, and provide quarterly reports on energy quality and output. The 120-day MOU is expected to lead to a definitive Energy Purchase and Sales Agreement upon site development.
Allied Energy Corporation (OTC: AGYP) ha firmato un memorandum d'intesa strategico con Green Rain Energy Holdings (OTC: GREH) per convertire il gas naturale inutilizzato in energia destinata alle stazioni di ricarica per veicoli elettrici in tutto il Texas. La partnership mira a sfruttare i 400 milioni di dollari di finanziamenti NEVI del Texas e a risolvere i vincoli della rete elettrica per supportare il previsto arrivo di 1 milione di veicoli elettrici sulle strade texane entro il 2030.
L'accordo si concentra sull'alimentazione di caricabatterie rapidi DC di Livello 3 lungo corridoi strategici come l'I-35 e l'I-10, permettendo ad AGYP di partecipare al mercato della ricarica EV da oltre 120 miliardi di dollari. La società effettuerà test sul gas, negozierà contratti di locazione energetica e fornirà rapporti trimestrali sulla qualità e la produzione di energia. Il memorandum d'intesa, della durata di 120 giorni, dovrebbe portare a un definitivo Contratto di Acquisto e Vendita di Energia al completamento dello sviluppo del sito.
Allied Energy Corporation (OTC: AGYP) ha firmado un memorando de entendimiento estratégico con Green Rain Energy Holdings (OTC: GREH) para convertir el gas natural varado en energía para estaciones de carga de vehículos eléctricos en todo Texas. La asociación busca aprovechar los 400 millones de dólares en financiamiento NEVI de Texas y abordar las limitaciones de la red para apoyar los 1 millón de vehículos eléctricos proyectados en las carreteras texanas para 2030.
El acuerdo se centra en alimentar cargadores rápidos DC de Nivel 3 a lo largo de corredores clave como la I-35 y la I-10, permitiendo que AGYP participe en el mercado de carga de vehículos eléctricos de más de 120 mil millones de dólares. La empresa realizará pruebas de gas, negociará arrendamientos energéticos y proporcionará informes trimestrales sobre la calidad y producción de energía. Se espera que el memorando de entendimiento de 120 días conduzca a un Acuerdo definitivo de Compra y Venta de Energía tras el desarrollo del sitio.
Allied Energy Corporation (OTC: AGYP)는 Green Rain Energy Holdings (OTC: GREH)와 전략적 양해각서(MOU)를 체결하여 텍사스 전역의 전기차 충전소에 고립된 천연가스를 전력으로 전환하는 프로젝트를 진행합니다. 이 파트너십은 텍사스의 4억 달러 NEVI 자금을 활용하고, 2030년까지 텍사스 도로에 예상되는 100만 대의 전기차를 지원하기 위한 전력망 제약 문제를 해결하는 것을 목표로 합니다.
이 계약은 I-35와 I-10과 같은 주요 경로를 따라 레벨 3 DC 고속 충전기를 운영하는 데 중점을 두며, AGYP가 1200억 달러 이상의 전기차 충전 시장에 참여할 수 있게 합니다. 회사는 가스 테스트를 수행하고 에너지 임대 계약을 협상하며 에너지 품질과 생산량에 대한 분기별 보고서를 제공합니다. 120일간의 MOU는 부지 개발 완료 후 최종 에너지 구매 및 판매 계약으로 이어질 것으로 기대됩니다.
Allied Energy Corporation (OTC : AGYP) a signé un protocole d'accord stratégique avec Green Rain Energy Holdings (OTC : GREH) pour convertir le gaz naturel inutilisé en énergie destinée aux stations de recharge pour véhicules électriques à travers le Texas. Ce partenariat vise à exploiter les 400 millions de dollars de financement NEVI du Texas et à résoudre les contraintes du réseau pour soutenir le nombre prévu de 1 million de véhicules électriques sur les routes texanes d'ici 2030.
L'accord se concentre sur l'alimentation des chargeurs rapides DC de niveau 3 le long de corridors clés tels que l'I-35 et l'I-10, permettant à AGYP de participer au marché de la recharge des véhicules électriques de plus de 120 milliards de dollars. L'entreprise réalisera des tests de gaz, négociera des baux énergétiques et fournira des rapports trimestriels sur la qualité et la production d'énergie. Le protocole d'accord de 120 jours devrait aboutir à un accord définitif d'achat et de vente d'énergie après le développement du site.
Allied Energy Corporation (OTC: AGYP) hat eine strategische Absichtserklärung (MOU) mit Green Rain Energy Holdings (OTC: GREH) unterzeichnet, um ungenutztes Erdgas in Strom für EV-Ladestationen in ganz Texas umzuwandeln. Die Partnerschaft zielt darauf ab, die 400 Millionen US-Dollar NEVI-Fördermittel in Texas zu nutzen und Netzengpässe zu bewältigen, um die erwarteten 1 Million Elektrofahrzeuge auf texanischen Straßen bis 2030 zu unterstützen.
Die Vereinbarung konzentriert sich auf die Versorgung von Level-3-DC-Schnellladegeräten entlang wichtiger Korridore wie der I-35 und I-10, wodurch AGYP am über 120 Milliarden US-Dollar schweren Markt für EV-Ladestationen teilnehmen kann. Das Unternehmen wird Gasprüfungen durchführen, Energiepachtverträge verhandeln und vierteljährliche Berichte über Energiequalität und -ausstoß bereitstellen. Das 120-tägige MOU soll nach der Standortentwicklung zu einem endgültigen Energie-Kauf- und -Verkaufsvertrag führen.
- None.
- MOU is preliminary and non-binding with 120-day duration
- Success depends on successful negotiation of definitive agreement
- Implementation requires additional surface rights and energy lease negotiations
- Project faces potential technical challenges in gas composition testing and infrastructure deployment
- Allied Energy Corporation (OTC: AGYP) has signed a strategic Memorandum of Understanding (MOU) with Green Rain Energy Holdings Inc. (OTC: GREH) to supply natural gas for powering EV charging stations across Texas, transforming stranded and underutilized gas resources into sustainable energy for high-speed electric vehicle infrastructure.
- This partnership positions AGYP at the forefront of Texas's energy transition, leveraging the state's leadership in oil and gas production alongside over
$400 million in NEVI funding to address grid constraints and support the projected 1 million EVs on Texas roads by 2030 through off-grid, localized power generation. - By converting natural gas into power for Level 3 DC fast chargers along key corridors like I-35 and I-10, AGYP aims to generate recurring revenue in the
$120B + EV charging market, promote decarbonization, and align with Texas's goals for energy independence and carbon reduction, as highlighted by President George Monteith.
DALLAS, July 17, 2025 (GLOBE NEWSWIRE) -- Allied Energy Corporation (OTC: AGYP), a Texas-based independent energy producer focused on hydrocarbon production and well-site optimization, is proud to announce the execution of a Memorandum of Understanding (MOU) with Green Rain Energy Holdings Inc. (OTC: GREH), a clean energy infrastructure developer, to supply natural gas for EV charging station deployment across Texas and other high-growth U.S. markets.
The agreement marks a bold step in bridging traditional energy with the future of electrified transportation, allowing Allied Energy Corporation to monetize a broad spectrum of energy resources to help power the next generation of high-speed charging networks.
“This is where energy/oil field innovation meets clean energy execution,” said George Monteith, President of Allied Energy Corporation. “We're taking energy resources that are often wasted, stranded, or underutilized and turning them into revenue-producing power for EV infrastructure. That’s a win for Texas, a win for decarbonization, and a win for investors.”
Texas: The Epicenter of the Energy Transition
Texas leads the U.S. in both oil & gas production and energy transition investment. According to the U.S. Department of Energy, Texas is eligible for over
With more than 1 million EVs projected to hit Texas roads by 2030, and the state facing ongoing grid constraints, there is a growing need for off-grid, localized power generation to support fast-charging infrastructure. This MOU positions Allied Energy Corporation to become a key energy supplier for those systems.
MOU Highlights: Natural Gas to Power EV Corridors
Under the agreement, Green Rain Energy Holdings will identify priority charging station corridors, and Allied Energy Corporation will:
- Conduct gas composition testing, where required (BTU, methane content, impurities)
- Negotiate surface rights & Energy leases for micro-generation integration
- Provide quarterly reports on Energy quality and Energy output from all sources.
The Energy resources will fuel small-scale turbine or generator units that power Level 3 DC fast chargers—bypassing lengthy grid interconnect timelines and enabling rapid deployment in key areas, such as West Texas, the I-35 corridor, and along I-10.
Economic & Environmental Upside
This model allows Allied Energy Corporation to:
- Generate new recurring revenue from all energy sources
- Participate in the rapidly growing
$120B + EV charging market (Fortune Business Insights, 2024) - Provide a cleaner alternative to diesel-based mobile charging units
- Support Texas’s dual mandate of energy independence and carbon reduction
“We're transforming how to use energy resources to create value,” Monteith added. “And we're doing it in a way that aligns with infrastructure funding, clean air goals, and decentralized energy strategies.”
The MOU is effective for 120 days and is expected to result in a definitive Energy Purchase and Sales Agreement (EPSA) upon commencement of site development.
About AGYP:
Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve.”
For more information about Allied Energy Corporation, visit: www.alliedengycorp.com.
Safe Harbor Statement:
This press release may contain certain forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.
Contact:
Allied Energy Corporation
Phone: 972-632-2393
Email: info@alliedengycorp.com
X: https://x.com/AlliedEnergyCo1
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1d2d9c88-6393-4129-8fe3-ce2783eea12a
FAQ
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